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Investors regain risk appetite

06/07/2010
By Sam Fletcher
After intraday trading as low as $67.15/bbl earlier in the week, the July contract for benchmark US light, sweet crudes rebounded to $74.55/bbl May 27 on the New York Mercantile Exchange in a 2-day rally that some hoped signaled a return of investors' risk appetite, although the contract fell to $73.97/bbl in the next session."The rebound indicates that investors thought the initial scaremongering [over Europe's economy] was overdone, and this sentiment was reinforced by the Organization for Economic Cooperation and Development lifting its forecasts for global GDP," said analysts at London-based Centre for Global Energy Studies.Investors will remain focused on Europe's economic ...
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